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Mexican industrial production drops in March

Monday, May 12, 2014

Mexican industrial production fell in March for the first time in three months as mining and manufacturing output sank.

March industrial activity fell 0.13 percent compared with February, the national statistics agency said on Monday, below expectations for a 0.30 percent increase and the 0.29 percent expansion in February.

Analysts have scaled back growth estimates for the year after a weak start to 2014, and expect an expansion of about 3.01 percent.

Source: Reuters